JaceYoung

JaceYoung Updated 

Potential Trend Continuation if we can make a run back up in the 78 area. The market made a new structure low and this level will be a strong area of resistance and provides a nice risk/reward. Plus a 78.6 retracement of this leg.

JaceYoung

We had a another break in structure past a major daily support zone, which is now acting as resistance and a 61.8 retacement. Let me know your thoughts.

JaceYoung

The market has recently broken structure and made a new low. This would give me a reason to believe that we will continue a down trend now. We have also touched a minor level of resistance, as well as a 50% Retracement and a touch of the 200 EMA. Let me know your thoughts.

JaceYoung Updated 

Potential Trend Continuation Trade. Multiple reasons for entry and I will take profit at the 127 Extension which is the completion of an ABCD Pattern and an area of Prior Support/Resistance. Let me know what you think.

JaceYoung

Market has made a new structure low signifying a continuation in trend. It is also showing a 50-61.8 Fib Retracement with the 200 EMA acting as resistance right at the 61.8 level. Profit target is the 141.4 Fib Extension which is an area of support now and would also be the completion of a ABCD Pattern.

JaceYoung

Entered on June 10th. Another Potential Trend Continuation based off of market making a new structure low, hitting resistance at a 38.2 Retracement, and showing Bearish Divergence as well. Take Profit at the 127 Extension which is an area of prior Support/Resistance